GigaDevice(SH:603986) Zheng Quan Shi Bao Wang·2026-01-22 23:13Core Viewpoint - The company, Zhaoyi Innovation, has announced a series of significant updates including a performance forecast for 2025, capital increases for subsidiaries, procurement of DRAM products, and the launch of a new high-performance MCU series. Group 1: Performance Forecast - Zhaoyi Innovation expects a net profit attributable to shareholders of approximately 1.61 billion yuan for 2025, representing a year-on-year increase of about 46% [1] - The net profit, excluding non-recurring gains and losses, is projected to be around 1.423 billion yuan, reflecting a year-on-year growth of approximately 38% [1] - The company anticipates total revenue of about 9.203 billion yuan for 2025, which indicates a year-on-year increase of approximately 25% [1] Group 2: Reasons for Performance Changes - The revenue growth is attributed to multiple synergistic effects from technological advancements, industry optimization, and effective strategic implementation [1] - The acceleration of AI computing power construction has significantly boosted demand, particularly benefiting the company's products in the PC, server, and automotive electronics sectors [1] - The storage industry is experiencing a steady upward cycle, with improved supply-demand dynamics driving both price and volume increases [1] Group 3: Capital Increase and Investments - The company plans to use 500 million yuan of A-share fundraising to increase capital in its wholly-owned subsidiary and subsidiaries, specifically for the "DRAM Chip R&D and Industrialization Project" [2] - After the capital increase, the registered capital of Zhuhai Xinchun will change from 100 million yuan to 150 million yuan, while the registered capital of Hefei Xinchun and Xi'an Xinchun will increase to 40 million yuan and 70 million yuan, respectively [2] Group 4: Procurement and Strategic Partnerships - In the first half of 2026, the company expects to procure DRAM products from Changxin Technology Group and its subsidiaries, with an estimated transaction amount of 221 million USD, equivalent to about 1.547 billion yuan [3] - Changxin Group is recognized as a rare IDM enterprise in the domestic DRAM storage market, and this partnership is crucial for the company's niche DRAM business [3] - The collaboration aims to optimize resource allocation and enhance the company's core competitiveness and industry position [3] Group 5: New Product Launch - The company has officially launched the new GD32H7 series of high-performance MCUs, which includes the GD32H789/779 series and the GD32H78E/77E series with integrated EtherCAT slave controllers [3] - These microcontrollers are designed for applications in servo control, variable frequency drives, digital power, portable electronics, smart homes, and firefighting, setting a new performance benchmark [3]